Shell Summary for Sept. 13, 2018

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by Stockwatch Business Reporter

The TSX Venture Exchange lost 12.18 points to 714.32 Thursday. Steve Bajic's 10th capital pool shell, Huffington Capital Corp. (HU: halted), plans to acquire Nano Graphene Inc., also known as Grapheneca, for the shell's qualifying transaction. The terms are not yet available, but the target will need to sell a $4.5-million private placement.

Nano Graphene was formed in 2016. It has a production facility in Brooklyn, where it began production in July, 2017. It makes graphene powder, graphene paste and graphene composites (for instance with titanium dioxide or silicon dioxide). The company aims to eventually produce all sorts of graphene products, from batteries to dental prostheses to inks and paints.

Nano Graphene was founded by Dr. Boris Goldstein and Sergey Alekseev. Dr. Goldstein, who holds a PhD in applied mathematics, was previously the founder, chairman and chief executive officer of Software House High Technologies, a Latvian company that offered financial and enterprise software. In the early 1990s, Dr. Goldstein moved to San Francisco, where he managed a holding company called Solby Holdings. Around the same time, he founded eForex, a website for currency trading. He also served as a director of Commercial Bank of San Francisco, which later merged with First Bank & Trust.

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